Georgia Commercial Lease Agreement | PDF – MS Word
A Georgia commercial lease agreement is for individuals or companies seeking to rent retail, industrial, or office space over a fixed period (typically three (3) years, but the term may be negotiated). Lease applicants should be thoroughly screened to ensure that they have a positive rental history and are worthy of a long-term contract. If the tenant is a new business, the owner/landlord may request a personal guarantee (written promise to pay a debt) to ensure that if the company goes out of business, the property owner will still receive payments. It is also standard for the landlord to demand a security deposit before entering into a binding contract.
Georgia Business Entity Search – If the tenant is an entity, the landlord is advised to search their business information with the Secretary of State to verify their operating status.